Publications

Short articles designed to reach policymakers as well as business and general audiences

183 publications found, searching for 'Policy Note '

• Policy Note No. 2025/8
  October 08, 2025

  How Secure Is Wage Employment in Sub-Saharan Africa?

  Ajit Zacharias, Aashima Sinha, Abena D. Oduro, Nthabiseng Moleko, Thomas Masterson, and Fernando Rios-Avila
  Abstract

  Employment security refers to the ability of both formal and informal institutions to provide employed individuals protection against economic risks and support their economic progress. It is related, but not…more

• Policy Note No. 2025/7
  September 19, 2025

  No, the Fed Is NOT Independent—It Is a Creature of Congress

  Yeva Nersisyan and L. Randall Wray
  Abstract

  In response to President Trump’s attack on the Federal Reserve, the natural critics of misguided monetary policy find themselves defending the Fed and the notion that the Fed is—and must…more

  Download Policy Note No. 2025/7 PDF (186.35 KB)
• Policy Note No. 2025/6
  August 21, 2025

  The USMCA Is Not Competitive Against China

  Arturo Huerta G.
  Abstract

  The governments of the US and Canada are pressuring Mexico not to import products or accept investments from China, such that Mexico would be forced to import products from them…more

  Download Policy Note PDF (193.64 KB)
• Policy Note No. 2025/5
  July 30, 2025

  Working Harder, Paying Less: Wage Suppression in Greece

  Vlassis Missos and Nikolaos Rodousakis
  Abstract

  The state of the labor market in Greece exemplifies the socioeconomic damage caused by austerity.[i] More than 15 years into a recession that has proven both deep and enduring, signs…more

  Download Policy Note 2025/5 PDF (643.45 KB)
• Policy Note No. 2025/4
  May 22, 2025

  Ratings Agencies Downgrade the Dollar’s Exorbitant Privilege

  L. Randall Wray
  Abstract

  They are at it again. Moody’s has finally joined the other two ratings agencies in downgrading US government debt. Standard & Poor’s downgrade was first in 2011[1], while Fitch waited…more

  Download Policy Note 2025/4 PDF (584.34 KB)
• Policy Note No. 2025/3
  May 20, 2025

  What Do We Save When We DOGE the Government?

  Mark Silverman and Yeva Nersisyan
  Abstract

  The second Trump administration has seemingly added a new term to the English vocabulary – getting DOGE-ed. Almost every week we hear about another government agency getting the DOGE treatment,…more

  Download Policy Note No. 2025/3 PDF (426.94 KB)
• Policy Note No. 2025/2
  April 21, 2025

  Remembering Pope Francis’s Call for a Universal Basic Wage

  Pavlina R. Tcherneva
  Abstract

  On April 21, 2025, a day after Easter Sunday, the world mourned the passing of His Holiness Pope Francis. Five years earlier, on Easter Sunday, April 12, 2020—amid the devastating…more

  Download Policy Note 2025/2 PDF (207.42 KB)
• Policy Note No. 2025/1
  April 21, 2025

  Trump’s Tariffs: Ending Globalization

  Dimitri B. Papadimitriou, Giuliano Toshiro Yajima, and Gennaro Zezza
  Abstract

  The Trump administration is reintroducing a number of 40-year-old, Reagan-era economic and military policies, but is particularly preoccupied with the imposition of tariffs for all of the country’s imports. Trump,…more

  Download Policy Note 2025/1 PDF (877.05 KB)
• Policy Note No. 2024/3
  November 07, 2024

  Trump Wins While Americans Vote for Progressive Policies

  Pavlina R. Tcherneva
  Abstract

  On November 5, 2024, American voters sent Donald Trump back to the White House. In 2020, he lost his bid for reelection to Joe Biden, after winning in 2016 against…more

  Download Policy Note 2024/3 PDF (182.86 KB)
• Policy Note No. 2024/2
  November 04, 2024

  Inflation

  Edward Lane
  Abstract

  Edward Lane surveys some of the main potential contributors to the recent period of elevated inflation rates in the US economy—focusing on supply disruptions, inflation-adjusted consumer spending, and consumer spending…more

  Download Policy Note 2024/2 PDF (562.43 KB)
• Policy Note No. 2024/1
  October 11, 2024

  The Boy Who Cried Wolf About Government Debt

  Yeva Nersisyan and L. Randall Wray
  Abstract

  In a New York Times editorial, David Leonhardt recounts Aesop’s apocryphal story about the boy and the wolf, warning that while deficit hawks have so far been wrong, the growing government debt will eventually bite. He reports the economic plans of both presidential candidates would add to the debt that will soon exceed GDP and grow to 130 percent of annual output under a President Harris, or 140 percent with a Trump presidency.

  The story of the boy and the wolf was a fable, although it was within the realm of possibility. The fable of the debt wolf is not. While there are real world wolves—Leonhardt mentions climate catastrophe and autocratic leaders, and the authors would add rising inequality and the concentration of economic and political power in the hands of billionaires—authors Yeva Nersisyan and L. Randall Wray assert, federal debt is not one of them.

  Download Policy Note 2024/1 PDF (368.08 KB)
• Policy Note No. 2024/4
  March 14, 2024

  European Job Guarantee

  Rania Antonopoulos
  Abstract

  Despite the gradual economic recovery and positive policy responses during the COVID-19 pandemic, the problem of long-term unemployment continues to plague millions in Europe. To effectively address this and other…more

  Download Policy Note 2024/4 PDF (293.42 KB)
• Policy Note No. 2023/4
  August 23, 2023

  Effects of Forced Formalization (Demonetization) in the Indian Economy 

  Nischal Dhungel
  Abstract

  Nischal Dhungel examines the impact of India’s demonetization experiment—an effort at “forced formalization” of the economy. He urges a more organic approach to formalization, pairing efforts to bring the unbanked…more

  Download Policy Note 2023/4 PDF (388.60 KB)
• Policy Note No. 2023/3
  July 24, 2023

  In Defense of Low Interest Rates

  James K. Galbraith
  Abstract

  In recalling John Maynard Keynes’s revolutionary theory of interest, reviewing the doctrines Keynes sought to overthrow, and analyzing the structural transformations of the US economy, James K. Galbraith maintains there…more

  Download Policy Note 2023/3 PDF (207.77 KB)
• Policy Note No. 2023/2
  June 26, 2023

  Οι Προκλήσεις της Νέας Κυβέρνησης στην Ελλάδα

  Dimitri B. Papadimitriou and Nikolaos Rodousakis
• Policy Note No. 2023/2
  June 26, 2023

  The Challenges for the New Greek Government

  Dimitri B. Papadimitriou and Nikolaos Rodousakis
  Abstract

  Following the recent (June 25, 2023) elections in Greece, Institute President Dimitri B. Papadimitriou and Research Scholar Nikolaos Rodousakis outline the economic and policy challenges facing the Greek government.

  Download Policy Note 2023/2 PDF (394.49 KB)
• Policy Note No. 2023/1
  May 01, 2023

  Greece: Higher GDP Growth at What Cost?

  Dimitri B. Papadimitriou, Gennaro Zezza, and Giuliano Toshiro Yajima
  Abstract

  In 2022, Greek GDP grew at a higher rate than the eurozone average as the nation’s economy rebounded from the COVID-19 shock. However, it was not all welcome news. In…more

  Download Policy Note 2023/1 PDF (435.05 KB)
• Policy Note No. 2022/4
  August 05, 2022

  Social State and Competitiveness

  Alexandra Papaisidorou and Emmanouil Karakostas
• Policy Note No. 2022/4
  August 05, 2022

  Κοινωνικό κράτος και ανταγωνιστικότητα

  Alexandra Papaisidorou and Emmanouil Karakostas
  Abstract

  Με τη δημοσίευση το 1971 της Θεωρίας της δικαιοσύνης του Rawls μας προσφέρεται μια πλήρως επεξεργασμένη πρόταση για τη δίκαιη κοινωνία και τους βασικούς θεσμούς της. Η κοινωνία αυτή είναι…more

  Download Σημείωση Πολιτικής 2022/4 PDF (145.80 KB)
• Policy Note No. 2022/3
  May 12, 2022

  Chile: The Road to Joy Is Paved with Obstacles

  Giuliano Toshiro Yajima
  Abstract

  In the second round of the Chilean presidential elections, the coalition led by Gabriel Boric secured a victory under the premise of delivering long-awaited reforms to a financially volatile, structurally…more

  Download Policy Note 2022/3 PDF (722.12 KB)
• Policy Note No. 2022/2
  April 22, 2022

  A Race to the Bottom

  Nikolaos Rodousakis, Vlassis Missos, and George Soklis
  Abstract

  More than a decade after the 2009 crisis, the standards of living of the Greek population are still contracting and the prospects are gloomy. In this policy note, Vlassis Missos,…more

  Download Policy Note 2022/2 PDF (661.02 KB)
• Policy Note No. 1
  February 25, 2022

  Τι συμβαίνει με τα νέα δεδομένα των ελληνικών Εθνικών Λογαριασμών;

  Dimitri B. Papadimitriou, Gennaro Zezza, and Nikolaos Rodousakis
  Abstract

  Tο 2020, η Ελληνική Στατιστική Αρχή (ΕΛΣΤΑΤ) ξεκίνησε την αναθεώρηση των εθνικών λογαριασμών για την Ελλάδα, προκειμένου να εναρμονιστούν με το νέο Ευρωπαϊκό Σύστημα Λογαριασμών. Τα δεδομένα από τους εθνικούς…more

  Download ΣΗΜΕΙΩΜΑΤΑ ΠΟΛΙΤΙΚΗΣ No. 1 | Μάρτιος 2022 PDF (2.11 MB)
• Policy Note No. 2022/1
  February 25, 2022

  What Is Happening to the New Greek National Accounts Data?

  Dimitri B. Papadimitriou, Gennaro Zezza, and Nikolaos Rodousakis
  Abstract

  In 2020, the Hellenic Statistical Authority (ElStat) started a revision of the national accounts for Greece to bring them into line with the new European System of Accounts. Data from…more

  Download Policy Note 2022/1 PDF (1.17 MB)
• Policy Note No. 2021/4
  November 10, 2021

  A Recovery for Whom?

  Nikolaos Rodousakis, Vlassis Missos, and George Soklis
  Abstract

  The COVID-19 pandemic has revealed multiple risks faced by economies whose production structures depend on the volatility of international conditions. In the case of Greece, this has manifested itself in…more

  Download Policy Note 2021/4 PDF (132.08 KB)